Ireland's Small-Scale Renewable Incentive Scheme Boosts Solar, Wind

May 28, 2024 12:23 PM ET
  • Ireland's SRESS Phase 2 offers fixed tariffs for small solar and wind projects, supporting local communities and SMEs in their renewable energy initiatives.

Ireland has launched the second phase of its Small-Scale Renewable Electricity Support Scheme (SRESS), offering incentives to small solar and wind projects by local communities and small- and medium-sized enterprises. The program is open to projects with capacities ranging from 50 kW to 6 MW, with fixed tariffs available across six categories for both solar and wind projects.

Renewable energy communities (RECs) will receive EUR 150 per MWh for solar projects under 1 MW and EUR 140/MWh for projects between 1 MW and 6 MW. Wind projects up to 6 MW will receive EUR 90/MWh. SMEs will receive tariffs of EUR 130/MWh for solar projects under 1 MW and EUR 120/MWh for projects between 1 MW and 6 MW, with wind projects receiving EUR 80/MWh. Ireland aims to support at least 500 MW of local community-based renewable energy projects by 2030 under its Climate Action Plan.

What are the incentives for small solar and wind projects in Ireland's SRESS phase 2?

  • Renewable energy communities (RECs) will receive EUR 150 per MWh for solar projects under 1 MW and EUR 140/MWh for projects between 1 MW and 6 MW.
  • Wind projects up to 6 MW will receive EUR 90/MWh.
  • Small- and medium-sized enterprises (SMEs) will receive tariffs of EUR 130/MWh for solar projects under 1 MW and EUR 120/MWh for projects between 1 MW and 6 MW.
  • Wind projects developed by SMEs will receive EUR 80/MWh.
  • The program aims to support at least 500 MW of local community-based renewable energy projects by 2030 under Ireland's Climate Action Plan.

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